Facebook Crypto May Bring $19B, - Barclays

Barclays analyst expressed the opinion that own coin could bring the largest social network from 3 to 19 billion US dollars of additional income by 2021
12 March 2019   161

According to analyst of the financial conglomerate Barclays Ross Sandler, the stablecoin of  Facebook can bring it billions of dollars in additional revenue. This is reported by CNBC.

In a note for investors, Sandler expressed the opinion that own coin could bring the largest social network from 3 to 19 billion US dollars of additional income by 2021.

The analyst stressed that his forecast completely depends on whether “Facebook Coin will prove its effectiveness in activating the micropayment strategy for distributing digital content.” In his opinion, the main task of Facebook is “to demonstrate the competitive advantages to users against the background of the current payment opportunities”. In addition, social networks need to restore user confidence "after the problems of 2018".

Based on our checks, the first version of Facebook Coin may be a single purpose coin for micro-payments and domestic p2p money transfer (in-country), very similar to the original credits from 2010 and Venmo today.
 

Ross Sandler

Analyst, Barclays

In 2017, Facebook's total revenue amounted to $ 40.6 billion. Of these, $ 39.9 billion is revenue from advertising. 

BMW, Intel to Join Forces With Singapore DLT Accelerator

Tribe Accelerator was launched in December 2018 and is supported by Singapore authorities
25 March 2019   45

A Singapore-sponsored blockchain accelerator Tribe has partnered with BMW Group Asia, Intel and Nielsen. It is reported by CoinDesk.

In the framework of cooperation, companies will share their experience with startups developing solutions in the field of DLT technologies.

Thus, the BMW Group Asia will hold a series of master classes on the use of the blockchain under conditions of widespread demand. Intel Corporation will advise start-ups in business and technology development, and Nielsen will provide a sandbox for testing new solutions.

The Tribe Accelerator was launched in December 2018 in collaboration with the South Korean ICON Foundation and the Singapore venture capital firm PwC. Among the projects implemented by the company is the blockchain solutions implementation in cooperation with ConsenSys.

In early March, the Argentine government announced plans to invest in blockchain startups in the early stages of development, which received support from the venture capital unit of Binance.